Credit Debit $ 28,000 0 10,768 16,155 2,155 32,307 $ 9,693 104,000 17,232 21,000 Cash Accounts receivable Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation Professional library Equipment Accumulated depreciation Equipment Accounts payable Salaries payable Unearned training fees Common stock Retained earnings Dividends Tuition fees earned Training fees earned Depreciation expense Professional library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals 14,000 33,738 79,000 43,678 109,846 40,923 @ e 51,694 23,795 7,539 6,831 $ 325,432 $325,432 3-a. Prepare Wells Technical Institute's income statement for the year 3-b. Prepare Wells Technical Institute's statement of retained earnings for the year. The Retained Earnings account balance was $79,000 on December 31 of the prior year. 3-c. Prepare Wells Technical Institute's balance sheet as of December 31. Required information Prepare TULINIS SUSHI ROTTETU U ya WELLS TECHNICAL INSTITUTE Income Statement For Year Ended December 31 Revenues Tuition fees earned Training fees earned O $ Revenues Reg 3B >